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Fitch Downgrades Beckman Coulter on Cash, Credit Concerns

NEW YORK, June 6 (GenomeWeb News) - Fitch Ratings revised Beckman Coulter's rating outlook to "negative" from "stable" today, citing concerns about the company's cash-flow generation and credit profile.

 

The company's change in leasing policy, with customer contractual terms shifting to operating-type leases, will require a significant cash outlay for capitalizing customer equipment, the agency said. Stress on the company's credit profile would be "exacerbated" if the company continues its "shareholder-friendly" actions, Fitch said.

The Scan

Not Immediately Told

The US National Institutes of Health tells lawmakers that one of its grantees did not immediately report that it had developed a more infectious coronavirus, Science says.

Seems Effective in Kids

The Associated Press reports that the Pfizer-BioNTech SARS-CoV-2 vaccine for children appears to be highly effective at preventing symptomatic disease.

Intelligence Warning on Bioeconomy Threats

US intelligence warns over China's focus on technologies and data related to the bioeconomy, the New York Times reports.

PLOS Papers on Campylobacteriosis Sources, Inherited Retinal Dystrophies, Liver Cancer Prognosis

In PLOS this week: approach to uncover source of Campylobacteriosis, genetic risk factors for inherited retinal dystrophies, and more.